IBM Search and start agtech Hello Tractor Develop Amnesty International blockchain– Unlimited platform for African farmers. The two companies will test the product in 2019 through an ongoing partnership funded by IBM.
Dubbed Digital Portfolio In the trial version, the cloud-based service aims to support Hello Tractor Smallholder farming and data analysis work to improve crop production.
"Agriculture is a complex industry that can contain many different variables." We bring a decision-making tool to Hello Tractor's platform backed by AI and blockchain, "Hi, CEO of Jeryl Oliver, told TechCrunch.
IBM Research joined the new service offering at Startup Battlefield Africa in Lagos.
The online platform will allow customers of Marhaba to use a digital ledger and automatic learning to capture, track and share data while "creating trust and transparency across the agribusiness value chain", according to IBM.
The digital portfolio will rely on remote sensing techniques based on Internet-based objects and Internet technologies to help AI farmers identify crops and inputs, choose planting time, and improve and predict crop yields.
The cloud-based dashboard also uses a blockchain record book to optimize multiple points in a Hello Tractor activity.
"We are an agricultural technology company, we have a platform that connects farmers who need tractor services to owners of tractors who own these assets as a business, we create this market to bring supply and demand together," Oliver said.
This demand originates from 80 per cent of sub-Saharan Africa harvested without tractors or machinery, 50 per cent of the continent's farmers suffering post-harvest losses per year, According to IBM And Food and Agriculture Organization.
IBM and the Hello Tractor Digital will also interact with fleet owners 'data on tractor use, tracking and forecasting of reforms, as well as creating credit profiles to open farmers' bank financing.
Hello Tractor is a connecting service – neither start-ups nor their agricultural growers have tractors. The company was established in 2014 and started operations in Nigeria and expanded in Kenya, Mozambique, Senegal, Tanzania and Bangladesh over the past year, the CEO said. A welcome entity, a profit-making entity, financed funding from private investors, grants to the Development Fund for Iraq and a round of seeds.
The company is currently generating revenue through the sale of tractor monitors and program subscriptions to implement them, according to Oliver. The Hello Tractor site does not charge transaction fees to deliver tractors to farmers, "but we will test that next year," he said.
The emerging company also plans to create wider profit opportunities from data analysis.
"At this point, we focus primarily on mechanization, but the convergence of ideas generated through this device with the IBM platform for agriculture can extend the value we offer to our customers and … cash," Oliver said.
It is estimated that small farmers are linked to tractors as a "multi-billion dollar market" globally and referred to Nigeria as an African country with "the largest stockpile of farmland not cultivated." 37 percent of the countryAccording to World Bank data.
IBM confirmed that IBM Research co-financing to build the digital portfolio does not include any shareholding in Hello Tractor.
Cooperation complies with Global Agriculture Strategy for IBM, An integral part of its business platform Watson AI and Agtech Global Partnerships. Like Tech Crunch coveredIBM entered into a partnership with Twiga of Kenya's emerging Twiga earlier this year to provide the Twiga network of suppliers a possible working capital platform.
IBM Research views the partnership as "scientific research collaboration," according to Vice President Solomon Asseva.
He said: "Through all points of contact – farmers, machinery, traders, crop yields, data inputs – hi, tractors attached to the whole agricultural ecosystem."
As discussed in Startup Battlefield AfricaAfrica is forming its own start-up companies that focus on blockchain and use cases – more advantageous than speculation. On the encryption side, there were several 2018 ICOs, including start-ups SurRemit launches $ 7 million, Risk payments Show loyalty of one million dollars One by a South African solar power company Sun Exchange.
IBM Search and Hello Tractor teams will continue to create a blockchain-enabled digital container at the lab, engineer and business level throughout 2019.
"We are planting partnership … including the executive aspect and the marketing side." You also have to focus on how you measure, "Aseva said.